>> i think, you know, in general, it will not be a robust environment. it will be premuted, like we've seen. we initiated coverage on ibm on friday. and we think that's a great way to play kind of a muted environment, a company that i think will gain share from hewlett packard and some of their troubles and plays into the big trend. so the big trends are still there. the ramp in the mobile internet, the ramp of cloud computing and kind of the early stages of big data. and ibm plays into the cloud and big data very, very well. they've got a nice, recurring revenue base. >> before we let you go, you're getting into ibm, but given that thesis, what do you get out of it? >> well, i think hewlett packard will still be a challenge company. i think some of the more cyclical tech plays, we covered some of the tech supply vendors. we recently put a sell on lg display. some of the ems companies we have a sell on. i think there's a lot of these companies, lower quality, that in the last couple of months have rallied at the end of the year, maybe on short covering,